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Baytex Energy Corp  (NYSE:BTE) Shiller PE Ratio: 18.17 (As of Today)

As of today, Baytex Energy Corp's current share price is $3.27. Baytex Energy Corp's E10 for the quarter that ended in Mar. 2018 was $0.18. Baytex Energy Corp's Shiller P/E Ratio for today is 18.17.

NYSE:BTE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.68   Max: 67.92
Current: 19.04

2.68
67.92

During the past years, Baytex Energy Corp's highest Shiller P/E Ratio was 67.92. The lowest was 2.68. And the median was 25.79.

NYSE:BTE's Shiller PE Ratio is ranked higher than
53% of the 79 Companies
in the Global industry.

( Industry Median: 13.64 vs. NYSE:BTE: 19.04 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Baytex Energy Corp's adjusted earnings per share data for the three months ended in Mar. 2018 was $-0.209. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.18 for the trailing ten years ended in Mar. 2018.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Baytex Energy Corp Annual Data

Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.59 12.26 5.07 14.84 12.65

Baytex Energy Corp Quarterly Data

Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.92 8.43 11.66 12.65 15.43

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Baytex Energy Corp Distribution

* The bar in red indicates where Baytex Energy Corp's Shiller PE Ratio falls into.



Calculation

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Baytex Energy Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=3.27/0.18
=18.17

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Baytex Energy Corp's E10 for the fiscal year that ended in Dec17 is calculated as:

For example, Baytex Energy Corp's adjusted earnings per share data for the three months ended in Mar. 2018 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2018 (Change)*Current CPI (Mar. 2018)
=-0.208768267223/249.554*249.554
=-0.209

Current CPI (Mar. 2018) = 249.554.

Baytex Energy Corp Quarterly Data

per_share_eps CPI Adj_EPS
200806 0.374 218.815 0.426
200809 1.314 218.783 1.498
200812 0.413 210.228 0.491
200903 -0.071 212.709 -0.084
200906 0.231 215.693 0.267
200909 0.342 215.969 0.395
200912 0.237 215.949 0.274
201003 0.254 217.631 0.291
201006 1.330 217.965 1.523
201009 0.194 218.439 0.221
201012 0.169 219.179 0.192
201103 0.010 223.467 0.011
201106 0.922 225.722 1.019
201109 0.439 226.889 0.483
201112 0.469 225.672 0.519
201203 0.362 229.392 0.394
201206 1.265 229.478 1.375
201209 0.225 231.407 0.243
201212 0.263 229.601 0.286
201303 0.078 232.773 0.084
201306 0.281 233.504 0.300
201309 0.677 234.149 0.721
201312 0.235 233.049 0.252
201403 0.342 236.293 0.361
201406 0.249 238.343 0.261
201409 0.781 238.031 0.819
201412 -2.159 234.812 -2.295
201503 -0.824 236.119 -0.871
201506 -0.105 238.638 -0.110
201509 -1.885 237.945 -1.976
201512 -1.488 236.525 -1.570
201603 0.002 238.132 0.002
201606 -0.318 241.018 -0.329
201609 -0.145 241.428 -0.150
201612 -1.267 241.432 -1.310
201703 0.037 243.801 0.038
201706 0.030 244.955 0.031
201709 -0.033 246.819 -0.033
201712 0.251 246.524 0.254
201803 -0.209 249.554 -0.209

Add all the adjusted EPS together and divide 10 will get our .


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


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